Figure Technology Q2 revenue double, beats estimates

Figure Technology Solutions

13/08/2026 11:39

Overview
US blockchain capital marketplace's Q2 net revenue rose 113% yr/yr, beating analyst expectations
Q2 net income grew 192% yr/yr; Consumer Loan Marketplace volume surged 132% yr/yr
Company added 102 origination partners and improved operational efficiency in the quarter

Outlook
Company sees Q3 2026 Consumer Loan Marketplace volume of $4.8 bln to $5.2 bln
Company expects Kiavi acquisition to significantly expand platform into adjacent asset classes

Result Drivers
FIGURE CONNECT ADOPTION - Co said 65% of Consumer Loan Marketplace volume was on Figure Connect, which helped drive overall marketplace growth
MORE ORIGINATION PARTNERS - Co added 102 origination partners in the quarter, expanding to 489 total active partners
OPERATIONAL EFFICIENCY - Operations and processing costs declined to 67 basis points of Consumer Loan Marketplace volume, down from 79 basis points in Q2 2025

Company press release: ID:nGNX2NLz6h

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Revenue
Beat
$225.59 mln
$207.70 mln (8 Analysts)
Q2 EPS
 
$0.35
 
Q2 Net Income
 
$87.44 mln
 
Q2 Adjusted EBITDA
 
$119.38 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the it services & consulting peer group is "buy"
Wall Street's median 12-month price target for Figure Technology Solutions, Inc. is $54.50, about 77.6% above its August 12 closing price of $30.68

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)